148,778 Shares in Weave Communications, Inc. (NYSE:WEAV) Bought by Harbor Capital Advisors Inc.

Harbor Capital Advisors Inc. bought a new position in shares of Weave Communications, Inc. (NYSE:WEAV - Free Report) during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 148,778 shares of the company's stock, valued at approximately $1,904,000. Harbor Capital Advisors Inc. owned 0.21% of Weave Communications as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in WEAV. Swiss National Bank grew its stake in shares of Weave Communications by 14.5% during the 1st quarter. Swiss National Bank now owns 68,600 shares of the company's stock worth $788,000 after acquiring an additional 8,700 shares during the period. Susquehanna Fundamental Investments LLC bought a new position in shares of Weave Communications during the 1st quarter valued at about $156,000. Sei Investments Co. raised its stake in shares of Weave Communications by 16.2% during the first quarter. Sei Investments Co. now owns 60,910 shares of the company's stock worth $699,000 after acquiring an additional 8,504 shares in the last quarter. Russell Investments Group Ltd. bought a new stake in Weave Communications in the first quarter worth $201,000. Finally, Vanguard Group Inc. lifted its stake in shares of Weave Communications by 10.3% in the 1st quarter. Vanguard Group Inc. now owns 3,342,681 shares of the company's stock valued at $38,374,000 after acquiring an additional 312,392 shares during the last quarter. 86.83% of the stock is owned by institutional investors.

Weave Communications Stock Performance

NYSE WEAV traded up $0.17 during trading hours on Tuesday, reaching $13.18. The stock had a trading volume of 647,206 shares, compared to its average volume of 468,228. Weave Communications, Inc. has a 52-week low of $7.76 and a 52-week high of $14.34. The stock has a fifty day moving average of $12.25 and a 200 day moving average of $10.53. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.64 and a current ratio of 1.64. The stock has a market cap of $946.10 million, a P/E ratio of -32.98 and a beta of 2.08.

Insider Activity

In related news, Director Blake G. Modersitzki sold 121,148 shares of the firm's stock in a transaction dated Thursday, October 31st. The stock was sold at an average price of $14.05, for a total transaction of $1,702,129.40. Following the sale, the director now directly owns 296,182 shares of the company's stock, valued at $4,161,357.10. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other Weave Communications news, Director Blake G. Modersitzki sold 121,148 shares of Weave Communications stock in a transaction on Thursday, October 31st. The shares were sold at an average price of $14.05, for a total value of $1,702,129.40. Following the completion of the transaction, the director now owns 296,182 shares of the company's stock, valued at approximately $4,161,357.10. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, COO Marcus Bertilson sold 15,000 shares of the stock in a transaction dated Thursday, September 5th. The stock was sold at an average price of $10.67, for a total transaction of $160,050.00. Following the sale, the chief operating officer now directly owns 337,682 shares in the company, valued at approximately $3,603,066.94. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 286,106 shares of company stock valued at $3,811,470 in the last ninety days. Insiders own 36.30% of the company's stock.

Analyst Ratings Changes

A number of equities analysts recently issued reports on WEAV shares. Loop Capital increased their price target on shares of Weave Communications from $15.00 to $18.00 and gave the stock a "buy" rating in a research note on Thursday, October 31st. The Goldman Sachs Group increased their price target on shares of Weave Communications from $13.00 to $14.50 and gave the stock a "neutral" rating in a research report on Friday. Finally, Piper Sandler increased their price objective on shares of Weave Communications from $16.00 to $17.00 and gave the company an "overweight" rating in a report on Thursday, October 31st. One investment analyst has rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Buy" and a consensus price target of $16.50.

About Weave Communications

Weave Communications, Inc provides a customer experience and payments software platform in the United States and Canada. Its platform enables small and medium-sized healthcare businesses to maximize the value of their patient interactions and minimize the time and effort spent on manual or mundane tasks.